Beyond property tax rates, I have not recognized any different factors which could make one side of the river more appealing than the other but am still diving deep.  

It is in the well recognized 'Durango Dental Clinic' complex (six condos total).

Hey @Jennifer Weigel - Congrats on recognizing the need to make a switch. 

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

You will start getting recognized and your network will start to grow organically. 

Good luck with the arbitrage deal (not being sarcastic, genuinely wishing you best of luck).

You can start with Option 3, but when you decide to upgrade to option 1, you have lost the anonymity in the process when you transfer the member to your holding.Option 2 is a no go, as if you need to go to court, lets say for an eviction, the court will not recognize your out of state LLC and you will have to foreign register it in that state, making you pay the fee in two states instead of only one.Option 4 is a personal decision regarding your risk appetite.

I recognize your livelihood is in part from OOS investors that invest in your market.  

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

Now recognize there are limitations.